BusinessDesk :
Subscriptions for the initial public offering (IPO) of BD Thai Food and Beverage began last Thursday and will continue until December 29.
The food and beverage producer previously got the nod from the Bangladesh Securities and Exchange Commission (BSEC) to raise funds of Tk 15 crore by issuing 1.5 crore ordinary shares.
The company is allowed to issue a 15 per cent stake to employees but they would not be able to sell the shares within the first two years of trading.
The shares will be issued at the face value of Tk 10.
With its IPO proceeds, the company plans to buy machinery, develop land and complete construction of a new factory.
Its weighted average earnings per share for the last five years was Tk 0.63. BD Thai Food’s paid-up capital was Tk 66.5 crore.
BLI Capital and UniCap Investments are the issue managers of the company.
